More homes on the market in the Basin
JOEL MARTIN | Hagadone News Network | UPDATED 1 hour, 22 minutes AGO
This home in Moses Lake was listed for $371,500, according to the real estate website Zillow. The median home price in Grant County was $414,425 in July.
JOEL MARTIN/COLUMBIA BASIN HERALD
Joel Martin has been with the Columbia Basin Herald for more than 25 years in a variety of roles and is the most-tenured employee in the building. Martin is a married father of eight and enjoys spending time with his children and his wife, Christina. He is passionate about the paper’s mission of informing the people of the Columbia Basin because he knows it is important to record the history of the communities the publication serves. | August 7, 2026 1:45 AM
MOSES LAKE — People hoping to buy a home in July had a better selection available to them than a year ago, according to data released by the Northwest Multiple Listing Service, which tracks real estate trends in 27 of Washington’s 39 counties.
Active listings across Washington increased by almost 20 percent in July 2026 over July 2025, according to the NWMLS data and new listings increased 10.5 percent. In Grant County, active listings were up 6 percent, but new listings were down 26.77%. Adams County showed lower numbers in both areas, with new listings down 44.4% and total active listings down 15.5%.
Between June 2026 and July 2026, active listings rose 17.24% in Grant County. Adams County had 10 active listings in July and nine in June.
The median home price in Grant County was $414,425 in July 2026, an increase of 1.3% year-over-year. In Adams County, the median price was $375,000, compared to $349,999 a year ago. The statewide median was $640,000, a decrease of 1.5% from July 2025.
Washington’s full home inventory would take 3.4 months to sell in July 2026, according to the NWMLS data. That represents a 23.7% increase from 2025 and an increase of 112.5% from the same time in 2023. A healthy market is considered to have 4-6 months of inventory, according to the NWMLS. Grant County had 5.8 months of inventory in July 2026, up from 4.3 in 2025. Adams County’s figure was 7.0 in 2026 compared to 8.3 in 2025.
The average 30-year fixed-mortgage interest rate was 6.66% Wednesday, up from 6.58% a week ago but a decrease from 6.72% a year ago, according to Freddie Mac.
“Interest rates, which averaged over 6.5% during the month (slightly higher than the previous month), continued to discourage buyers,” Steven Bourassa, director of the Washington Center for Real Estate Research, wrote in the NWMLS release. “The Federal Reserve Bank’s Federal Open Market Committee (FOMC) kept short-term interest rates unchanged when they met late in the month due to the ongoing pressures of high inflation stemming from the continuing war with Iran. Expectations are that the FOMC will increase short-term rates later this year and early next year, implying that longer-term rates are also likely to go up.”
ARTICLES BY JOEL MARTIN
More homes on the market in the Basin
MOSES LAKE — People hoping to buy a home in July had a better selection available to them than a year ago, according to data released by the Northwest Multiple Listing Service, which tracks real estate trends in 27 of Washington’s 39 counties.
Grant County Sheriff’s race close in unofficial primary results Tuesday
EPHRATA — The Grant County Sheriff’s race was neck-and-neck with a 0.2 percent gap when voting closed yesterday, according to the Grant County Auditor’s Office.
Crime rates down in Basin, FBI report suggests
EPHRATA — The Columbia Basin saw significant decreases in certain types of crimes over the last year, according to data from the FBI National Incident Based Reporting System released Tuesday.